Debt
High-Interest Rates Endangers Global Economy
“The squeeze is especially acute for EMDEs with underlying vulnerabilities such as low creditworthiness. Growth projections for these economies for 2023 are less...
World Bank report says debt-service payments killing poor countries, debt overhang $9trn as at 2021
The World Bank has disclosed that the external debt of developing countries – low as well as middle-income economies – has accumulated to...
Low income countries’ debt profile rises to all-time high $860bn in 2020 — World Bank report
“The report noted that even prior to the pandemic, many low- and middle-income countries were in a vulnerable position, with slowing economic...
Humongous national resources committed to debt servicing worrisome, distressing, says National Consultative Front
A pan-Nigeria political movement, National Consultative Front (NCFront), youth wing, says it is worried about that 97 per cent of the nation’s revenue...
FG, states debt portfolio hits N28.63trn in March 2020 ― Bureau of Statistics
N9.99 trillion is external debt Nigeria’s debt profile has hit N28.63 trillion as at March 31, 2020, the National Bureau of Statistics (NBS) has disclosed....
N24.9trn debt: Nigeria may soon become world’s poorest nation, says Obasanjo
…our children, children’s children must be saved from debts After a spell of reticence, a one-time President, Chief Olusegun Obasanjo, says he is...
Nigeria trapped in debt: N21 trillion debt not a problem, says DG DMO…IMF disagrees.
By Victoria Ayuwei The Nigerian government has a lot of debt, about N21.3 trillion as at December 2017. That’s a huge, intimidating number on...
Nigeria’s Total Public Debt Stock Stands at N20.373 trillion
The Total Public Debt Stock released by the Debt Management Office revealed that the Total Public Debt Stock comprising the Federal Government, States and Federal...
Oniha: New Era Begins At DMO
[dropcap]T[/dropcap]he economy of Nigeria is set to be exposed to a fresh chapter of growth and development that will be as challenging as...
Adeosun Reverses Statement, Says Nigeria Will Keep Borrowing To Fund 2017 Budget
[dropcap]T[/dropcap]he Federal Government will continue to borrow to fund the budget for 2017, the finance ministry said in a statement on Thursday, after...
Nigeria “Cannot Borrow Anymore”, Says Finance Minister
[dropcap]T[/dropcap]he minister of finance, Kemi Adeosun on Tuesday said that Nigeria must not borrow more to fund its budget and should instead raise...
Nwankwo Leaves Behind Giant Shoes To Fill
By Femi Soneye [dropcap]I[/dropcap]t was a farewell event at the Ladi Kwali Hall, Sheraton Hotel, Abuja, that only Dr Abraham Nwankwo could have...
